Hagens Berman Investigates Overdraft Fees at Military Bases

January 21, 2014 02:44 PM Eastern Standard Time

SEATTLE--(BUSINESS WIRE)--Hagens Berman Sobol Shapiro LLP, a consumer-rights law firm, today
announced that it has opened an investigation into excessive overdraft
penalties and other fees charged by banks on military bases following a
report published by the Wall Street Journal.

The report, published Jan. 15, 2014, claimed that four of the 10 banks
with the highest fees as a percentage of deposits and average fees per
account have branches on military bases. The banks mentioned in the
report include Fort Sill National Bank, Armed Forces Bank of California,
Fort Hood National Bank, and Armed Forces Bank N.A.

Many of the banks have branches at multiple military bases. For
instance, Armed Forces Bank has a branch at or near 35 different bases
across the country.

“We are outraged that any bank would prey on our soldiers,” said Steve
Berman, managing partner of Hagens Berman and the attorney leading the
investigation. “We are investigating whether, in light of the published
statistics, these banks are gouging soldiers by charging exorbitant fees
and other charges.”

Hagens Berman is investigating these claims at military bases throughout
the nation.

Concerned soldiers, veterans or family members who were charged
overdraft fees, or other unfair or excessive fees, at a bank on, or in
close proximity to, a military base are encouraged to contact a Hagens
Berman attorney by emailing militarybaseoverdraft@hbsslaw.com,
or calling (206) 623-7292.

Hagens Berman Sobol Shapiro LLP is a consumer-rights class-action law
firm with offices nine cities. The firm has been named to the National
Law Journal’s Plaintiffs’ Hot List seven times. More about the law firm
and its successes can be found at www.hbsslaw.com.
The firm’s class-action law blog is located at www.classactionlawtoday.com.